>> reporter: right, and the building permits the best this fife years. david: well, the bells are ringing on wall street. again, we're just shy of a couple of real breakout moments here, but the market wants to break a record every day, it is trying to break a record every day. we'll see if records can be broken today. but, again, all in the green even though just minimally so on this thanksgiving tuesday week. again, a lot of traders are not on the floor today. that means very low volume, but it does mean some interesting moves on individual stocks we're going to be talking about this hour. liz: we're here in full force, we'll be here tomorrow too as you guys get ready to head out for thanksgiving. a fox business exclusive, former federal reserve chairman alan greenspan telling our own peter barnes that u.s. markets are not in a bubble. mr. greenspan also blamed the uncertainty surrounding fiscal policy and washington for curbing economic growth. you can head to foxbusiness.com

to check out peter's entire interview. david: the smartest interview i've ever seen. consumer confidence falling in november as americans worry about their future jobs and earning prospects. consumer attitudes fell to 70.4, economists had been expecting a reading of 71.2. liz: u.s. homes, single-family home prices rose in september. they actually posted their strongest annualized gains in 7.5 years. that would be seven and a half years. [laughter] case shiller posted a seven-tenths of a percent gain in september. they aggregate about 20 different cities and their home prices year-over-year. that index rose. david: and big news on intel. intel reportedly looking to get $500 million in the sale of its yet to be launched online tv venture due to its struggle to obtain video content. samsung and verizon are said to be among the list of potential suitors. liz: taae two planning to buy 12

million shares that are held by activist investor carl icahn. the buyback is threatened to be completed today as yesterday's closing price of $16.93 a share making the deal worth $204 million. icahn group was the video game maker's biggest shareholder. david: and it is a battle of the suits literally, men's wearhouse has made a $1.5 billion bid for joseph a. bank after they had made a proposal to acquire men's wearhouse in october. a busy say. "after the bell" starts right now. ♪ ♪ liz: and massive cable news that broke in the last hour. according to dow jones industrials, the dow jones news wires, cox communications, david, may very well be putting at least a bid in for time warner cable, so today join charter, and they join comcast

in this battle. david: meanwhile, i'm just trying to pressure some kind of gain on the dow, just managing to hold on to the green strokes there. liz: let's get to the market action because it was rather interesting. ryan dietrich, senior technical strategist. he just looks at the charts, the testimonying of it. he doesn't get -- technology of it. he doesn't get emotion a. he's still bullish, he'll tell us why, and larry shill very joining us, not a win for the s&p 500, we needed to see 1804, but once again the transports and industrials looking very healthy. >> absolutely. the market has tried so hard, so hard today to get positive, to stay at least flattish. i mean, on low liquidity, low conviction, low volume. really a big gain behind men when you think about it, especially relative to what's going on around the world. the nikkei was down three-quarters of a percent, europe down about 30 basis

points, mexico, canada down half a percent and brazil down full points on the day and yet we're flat. i don't know if it says anything, but it's really good to keep note of that. david: well, here's somebody who actually likes it when the sentiment is not bullish, and that's ryan because when folks get worried about us reaching top heights and you see pullbacks, even mild pullbacks like you saw today, you like it because you remain bullish, and you're just waiting for that negative sentiment to go in and buy more, right? >> that's right, david. you know, building on what hr.ly just said, we were flat, but we've liked small caps for a while. of there's some underlying strength there that we really like. you know, we're making new all-time highs, flirting with it. look at the recent poll that just came out this week, we had the lowest number of bulls we saw since late august when we were worried about syria. so, again, yeah, there's some optimism out there, but we continue to see a lot of shorts that are out there, highest

level of short interest if you look at the -- liz: let me interrupt you guys, i want to interrupt because hewlett-packard's numbers are out, and as we parse through them, it's not a big short position at all on this one. it's been a very nice performer at least for the first six months of 2013, and, you know, we're looking at a stock price now if we can show the bid and the ask that's moving higher above the closing price, 25.09, and the bid is 26, the ask 26.14. >> wow. liz: we want to hear about the printers and the printer market and whether that pc market is stabilizing. people are not counting this stock out. david: this, by the way, is the world's number two pc maker behind lenovo, and it's kind of a dubious distinction because the pc market has been falling. so there are questions about what hewlett-packard could do next. is it stuck with that moniker of a big pc maker, or can meg whitman, who's done a terrific job at really making sure that the finances are in good shape, it is a lean operation now.

the question is, what do they do next? what do they do beyond the pc? liz: can i just say, though, props to meg whitman, the annual low of this stock, you ready? look at that 25.09, the annual low, $12 and change. >> wow. liz: so with very few -- exactly, right, larry? i mean, with very few exciting products, and i don't mean that in a negative way. this is a stock that has come back fighting. joling kent has the numbers for us. jo? okay, all right, never mind. one second as we continue to go through -- david: by the way, one thing that the hp board has just declared is a regular dividend, a cash dividend of 14.5 cents in the company's common stock. this is something we've seen quite a bit of recently in order to lure more investors in. there are questions, though, and we're going to be watching for this on server shipments. hp has seen its shipments decline for eight straight

quarters. some people thought that was going to -- liz: it's a beat on both top and bottom line. the bottom line is a beat by, i believe, a penny. and as we look at the revenue, it's a wide margin that'll be coming in at 29.13 billion versus 27.19 bbllion. larry, it's a hardware company, it's a company in silicon valley that's been around forever, and don't count it out. >> yeah. i mean, a stock that was left for dead, 14 .75 on january the 2nd. meg whitman is the bomb. she's laid out a plan that's not even close to being done. we talked about the stability of the pc and printer market, that's not left for dead. i mean, it is stable. and beyond that we all know that enterprise and service is where the money's being made right now. liz: indeed. >> they're not there yet, but they will get there, and that's the whole point to the story. it's funny. emc, cisco, both fell very short. that's been the hall a mark, and they beat on the revenue side.

you have to buy the stock, you have to own it. david: well, i don't know if you do, and that's the question a lot of people are asking themselves. clearly, it's very much in hpq's favor right now, but pcs represent about 28% of their sales. we have seen pcs going down steadily. >> yep. david: what can hp do to separate themselves from that downturn? >> well, you know, great question. a lot of people are getting paid money to figure that out, you know? [laughter] to me, what we do as shaper ors is we look at the options, and can there were a lot of calls traded on in the last ten days, so i'm not saying someone knew something, but people expected a pop. tech names specifically, we get these pops up and with all these calls, sometimes they can kind of pull back down just as quickly. i want to see if we stick, but specifically looking at this, you know, the bottom line is they have to continue to improve, they have to continue to show that revenue growth, and look what cisco did. the fact that they were better at least right now with the revenue growth, that's a good

sign, i would think. liz: i would think so. let's just get back to the markets again, record territory, larry. the volume is very thin right now. there aren't a lot of traders or participants in the market at the moment, but as we go into that first week in december, i don't want to say it's a given to see a santa claus rally but, you know, a dropoff today intraday, we were as high as 45 points. >> yeah, exactly. i think next week is the last big week of the years per se. we have the last jobs report we'll seeover the year, the ecb meeting coming out, same-store sales in the retail sector, so it could be a very big week. and with the lack of liquidity and volume, people taking vacations, it's going to be all kinds of air pockets in the market. but it's a big week coming up december 2nd. david: okay. i want to go back to ryan. by the way, tivo is out as well, let's just look it up right now, tivo is doing

afterhowevers a little better but not much movement on tivo after hours. so tivo had good earnings. ryan, in addition to announcing correctly that the september fallback would not happen, a lot of people thought that in september and october the market was going to pull back. you didn't think it was. you also have been very bullish on some stocks involving steel and iron ore. we want to talk about one of them before cliff natural resources. it's way off its highs. this might be a bargain stock, explain. >> well, that's right. look at steel in general, we know they did very poorly the first three quarters of this year. thousand they're starting to show some life. clf, cliff we like, also u.s. steel, starting to show some upward price action. but what do we also see? is there's a lot of shorts betting against those names. what's that mean? that's negativity. that's potential buying pressure -- david: which you love. you love to see that negativity in there because that gives you

an -- gives you an opportunity to buy more. we've got to leave it at that, guys. ryan dietrich and larry silver, thank you very much. appreciate it. liz: thank you. >> thank you. david: coming down on -- coming back on "after the bell," we're going to go inside hp earnings and tell you where the company is seeing growth. liz: and winter weather starting to wall op the east coast. we're tracking how it could affect your travel plans. david: which brings us to our facebook question, have you changed your travel plans? log on to your tastebook page, tell us what you think and, of course, you can tweet us as well. your answers coming up at the end of the show. ♪ ♪ [ male announcer ] what if a small company

became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. you can fill that box and pay one flat rate. i didn't know the coal thing was real. it's very real... david rivera.

rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare.

david: you know, tivo really did beat its earnings estimate by quite a bit, but it is not moving very much after hours. it's a little bit ahead but not as much as you might think. let's go to nicole petallides on the floor of the new york stock exchange. it's a beat, but it hasn't affected the after hours price much. >> reporter: i just was hearing it was up about 15 cents. the closing value was 324, it's up to the 340 number to about, you know, 15 cents or so, but a good move here. earnings per share of ten cents versus the estimates of six

cents, so that was better. and the revenue, as you noted, dave, this really was a great revenue beat, 117.3 million versus the expected 8 1.33 million. and in addition to the fact that you see the numbers beating the street, the profit estimates really doing well. i mean, the profit, the new subscriber sign-ups seems to really be moving the headlines along as well. total is subscription net adds, 274,000. so that seems like a big number, and it certainly is a big deal for tivo. one to watch tomorrow, and you're certainly seeing a lot of up arrows. liz: that is a gain of sub subscriptions of about 32% year-over-year for a company that not only is in the hardware, of course, it had rolled out its brand new romeo which allows you not only to tivo, it's got six different tuners, but you can watch anything that you want in yo ipad 500 miles away in a hotel room, what have you. i'd be interested to see the

breakout on those numbers but also, nicole, to see that revenue number, much of that has got to be attributed to the cable deals they have with virgin media, etc. david: yeah. >> reporter: they have finish. [inaudible] david: all right, we are going to break down hewlett-packard's earnings report right now with brian marshall, isi senior managing director. first of all, want to talk about its connection with pcs, because despite the fact that it's doing very well and we've talked about how wonderful meg whitman has been in terms of really coordinating the operations of the company, it's still so closely tied into a market that's going down, the pc market. how does it combat that? >> well, at the end of the day, pcs are about a third of the company's revenue. i think that this market continues to decline, but if you want to draw any silver linings from the report, you know, that they just put out, the pc business was down 2% year-over-year. so essentially, the second derivative is starting to decline less than what we've had in the past from a decline

standpoint. liz: okay. but let's pull apart the numbers here, and everybody was very interested in how the pc sales were doing, but i look at the server business which has been extraordinarily successful, say, for example, over at intel making a lot of money. the moon shot business for hewlett-packard which is, you know, their server or business, is that making a dent that would be significant enough to raise the stock price at some point? >> i think it's still too early to tell on that. at the end of the day, their server business was actually, the industry standard server business for the company was up 10% year-over-year. that's their x86 server business. their business-critical systems were actually down 7% year-over-year -- 17%, and that's going to continue to decline. i think, ultimately, there's going to have to be a lot more servers that drive the company. when you step back, the top line wasn't that bad. they actually beat consensus expectations by a billion, but i think the problem was there

wasn't any eps upside because the margins were actually pretty low. we would expect more margin upside with that revenue beat, we just didn't get it, frankly. operating margins came in at 9% versus our 9.2 estimate on a lower revenue. so i think that's the big question we have. david: by the way, brian, it's up about $2. it ended the today at $25.09, right now the bid after hours is almost $27 a share. of do you think it stays there? do you think it will hold on to these higher levels? >> well, i think expectations were somewhat mental crueltied coming in. obviously -- muted coming in. obviously, we've had negative reports from cisco and ibm recently. at the end of the day, we have of a neutral rating on hp. i do think the stock, you know, probably if anything, is going to come in because we think that the margins are going to be pretty important going forward. and, you know, those just weren't impressive in our view. liz: we were pointing out that the annual low was around $12

and change, so it has come a long ways, certainly. does the cash dividend that it's declared of 14 cents and change, does that, does that attract people to the stock in any way, shape or form? >> no, i don't think so. i mean, if you want to have a company with a higher dividend yield, you know, we would suggest apple or cisco within our coverage universe. from that standpoint, if you're looking for yield. david: you know, apple, it's interesting you mention that, because a lot of people look at hewlett-packard and say there's no customer relevance. apple users still think they need apple when new products come out. you don't have that same sense of need on the part of customers for hp, do you? >> i think that's a good point, you know, i fear that they are losing the relevancy of their customer base. you know, i think at the end of the day hp had been slow to didn't some converged infrastructure and really push forward, and that's the trends of the industry today. and so we see them, you know, throwing out this new buzz word, the new style of i.t. you know, we'll have to see how

that impacts the results going forward if the actual customer base will adopt that. but clearly, you know, let's not forget this company just reported, you know, 3%, you know, revenues down year-over-year. liz: yes, that's true. we need to make sure the people understand that the quarterly revenue has fallen, but can i just get your thought on the printing revenue? does that impress you at all? we've got the q4 printing revenue at 6.04 billion versus 6 .08 billion last year. >> yeah, i think, you know, at the end of the day, it was down 1% year-over-year. frankly, that's not that bad. i think it's one of those things that we're more concerned about is the supplies business. that's where they make the real margin -- liz: toner and all that. >> exactly. that was down 4% year-over-year. the supplies are decreasing faster than the actual overall printing revenue. so something to watch. david: brian marshall from isi,

good to see you. liz: home builder stocks, did you see them surge today? this after the september s&p case shiller report on home prices came out. there was also a big jump in building permits. how is now the time to buy when people are still very concerned about interest rates and mortgage rates? coming up, we take a closer look at all the housing data with one of our favorite housing experts, in fact, two of our favorite housing experts. david: and our own peter barnes sat down with this guy, exclusively with former federal reserve chairman alan greenspan speaking candidly of his outlook on the economy and whether he thinks the market is headed for a crash after a bubble. wait until you hear what he says. this is an interview worth waiting for. ♪ ♪

♪ ♪ liz: time for a quick speed read of some of the day's other headlines, five stories, one minute. intel reportedly looking to sell its online pay tv service on queue for about $500 million. the company had gotten deep into this but never actually came out with it. they tried very hard to strike content deals, now they're trying to strike a sale deal by the end of the year. airlines waiving fees ahead of the nor'easter that is expected to disrupt travel across the nation. u.s. airways and tell that were the first ones to -- and delta were the first ones to announce. ten former players are suing the national hockey league for concealing the risk of severe brain injuries. the lawsuit comes just three

months after the national football league agreed to pay $765 million to settle suits for concussion-related accusations. a new study finds there will be more than one billion 4g mobile users by 2017. in three years it's expected that 4g will be available to half the world's population, and bain capital selling to helmand and friedman, that's speed read. david: and former federal reserve chief alan greenspan saying the markets are not at all bubble my with some measurements still way below the normal rate. liz: peter barnes had an opportunity in a fox business exclusive to pick the chairman's mind about all things market related and fed related. he's in washington, d.c. with more on that exclusive interview. peter? >> reporter: hey, liz and david, that's right. and this is a guy who knows something about bubbles. he was the fed chairman during the dot.com bubble, the housing bubble, and i got to chat with

him about bubbles because he wrote about them in his new book, "the map and the territory," the old map for getting us through financial crises and recessions is not any good anymore in the all this uncharted territory that we're in, you get it. and he said that looking at stock valuations today and historically, price earnings multiples and other metrics, he doesn't think that we're in bubble territory just yet. here's what he said. >> a lot of things that can go wrong, and we're now no longer at the peak where it's sort of like shooting fish in a barrel. now is it a problem in short-term forecasting, but to say that the market is bubbly and in a position where it could conceivably create a serious problem, i think, is overstating it. >> reporter: of course, also

wanted to ask him about everything going on with the fed and tapering and trying to get out of all this quantitative easing and the $4 trillion balance sheet after five years of bond buying and low, extremely low interest rates that the fed has had in place to try and stimulate the economy, keep interest rates down. he said it's an experiment that he hopes works out. guys, back to you. david: all right. the problem is, peter, is that here's a guy who refused to admit that there was a bubble on his watch. a lot of people said there was one as a result of his activities who now says there is no bubble. i don't know, you wonder based on his track record whether he's right this time. >> reporter: well, you know, in his defense, he -- the fed was starting to raise interest rates back in, what, david, 2004? david: yeah. >> >> reporter: well before the peak of the bubble. but he does get rapped for maybe a lighthanded regulation in the allowing all the subprime, you know, banks to do all that

subprime mortgage underwriting. but then, you know, some people got helped by those subprime mortgages. it's a difficult issue, but i enjoyed catching up with them after all. david: great interview, peter, thank you very much. >> reporter: okay, guys. liz: we've got the latest housing data, speaking of bubbles, that were at least at one point. well, the data out today showed a surge in home prices in september from a year ago, making it the strongest gain since february of 2006. coming up, we're going to take a closer look at the housing market, find out if now is a good time for you to jump in. david david and have you seen this massive storm that is moving across the country? it's threatening thanksgiving travel plans nationwide. we're going to continue to keep an eye on the pre-thanksgiving storm and bring you the latest on where it's going and whether you'll be able to get to grandma's. ♪ ♪

you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get e spark business card

from capital one. choose 2% cash back or double miles on every purchase, every. what's in your wallet? i need your timesheets, larry!

[ engine revs ] ♪ ♪ [ le announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right r you, no matter which list you'ren. [ santa ] , ho, ho, ho! [ male announcer ] get the all-new 2014 cla250 starting at just $29,900. ♪ liz: so, for anybody who felt that the housing market was stalling, look at this pivotal latest s&p case schiller home index rose in september from one year ago showing the largest

gain since the very 2006. for all of you fence-sitters' our people hoping to flip or get involved in this market, should you be confident or should you prepare for a housing bubble to pop? joining us now, brian stevens, most of the national real estate post. al, frank, where did you go? there he is. he is on -- we are looking at him on tv. and there is you. how are you? let's start right away about what is going on. where is frank and his knowledge? >> you know, he is holding down the fort. you have your nor'easter. i have a northwestern. i drove from california all the lay of to the great socialist compound of washington, not the district, but the state of where everybody is wearing flannel. and facial hair. what do you think? liz: so grinds, 1992, i think. living in cleveland. speaking of which, actually one of the companies, cities rather,

the 20 cities that are aggregated in the case schiller home price index. what do you make of this number overall? >> it telon't find it surprising. housing is strong, still a great opportunity. of course, affordability is starting to find its way out of the reach of a lot of americans as prices increase but wages are not following. this is not surprising. you know, we are seeing is the largest increase since 20006 before this whole mess began. that concern is we had a boom, bust, a boom again. the concern is a bust. we have fundamentally different market conditions right now, and that is not going to happen, so buying is a great opportunity. liz: he said that in september. now is a good time. has anything changed? >> well, it certainly has. you know, first of all, we still have a great rate environment. rates will go up eventually. i have been saying it for five years, and i will be right one

of these days. the rate environment that we have right now is fantastic. you can use other people's money to buy a house right now at a cost that you are just going to find unfathomable and a few years. so that is still fantastic. we still have affordability in most markets. we think california, you know, nevada, arizona, leading the pace with this huge double-digit increase, but that is not the case for the rest of the country. affordability is at its best point that it will be in the next five years. liz: i want to say ten months ago i woke up in a panic and said, i have to refinance. i am so glad that i did. i got a lower rate. the refined market, is that giving us clues? >> well, the refinance market is starting to die down. a lot of people who have have already done it. excuse me. a lot of people who could have already gone there refinances. if elected the mortgage industry as a whole, down 7%, refinances

have fallen off the cliff. this still great up virginities. somebody sitting in a 67% interest rate, they should talk to their local lender into a good vantage of the rates that are not going to be hearing couple of years. liz: let's get to alan greenspan. he does not see bubble conditions at all. number one, how do you look at alan greenspan? because some people are critical. others feel that he started to tighten rates a little early. where you stand? >> you know, some people grew up on madonna, some people grew up with ohn cougar mellencamp. i grew up with alan greenspan. you know, i still revere greenspan. i think that he did a lot of good for the time. where the market was, he nailed this for multiple of ministrations. you know, he is a brilliant mind. we cannot get around that the matter how much they want to look back of his legacy. i agreed in the sense that i do

not see a bubble. the big differences in 2007 mandate as we spoke about before, we were supporting a market on product and loans that were absolutely unsustainable. we knew we at the time, but we were all too happy to do these laws because the opportunity to really make huge amounts of money existed. the book of business is being written right now in the mortgage industry, fundamentally different and we head into a dozen 1-7. liz: we have to go, but i have to ask you. what still looks cheap? was city commando said its rights. we know that. quick. we have to go. >> you know, anything east of the rockies and west of the appellations you will do good. liz: too well. i love it. good to see you. so frank to come back with his mullet. david: what is that at robo? >> i am a huge history buff. it is from the revolutionary war. it is george washington's --

david: let me see it. so, george washington's flag. >> i have something a love affair with george washington. i don't know what to tell you. david: i am all for that. liz: not the dawn of the george washington. david: the budget deadline is three weeks away. will there be a deal or another government shut down? we will discuss it after the break. ♪ (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. because they know i don't trade is tlike everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates.

♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools iroduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goesome happy. [ female announcer ] toshe's always been ableng tit's just her way.day.ing. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your hearis healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis.

side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or diffilty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a 30-tablet free trial.

liz: we have some breaking news on the story we told you a letter earlier today involving the new york stock the state's chief operating officer larry we will with his golden parachute. >> $10 million is the golden parachute at the end of the year when he leaves the new york stock exchange. it is a lot more than that. it is a $17 million package comprised of about $6 million from what we understand the make changing control money.

$11 million in stock that he has agreed. the total amount of money that mr. leibowitz will get -- we should point out he is a good friend of mine and a data em on for a long time this. a nice guy, more power to him, interesting, john stuart's brother, one hell of a comedian. the total package is 17 million. not a bad payday for combining the nyse-listed intercontinental exchange. i would like to see done in space package when he leaves. this deal of the new york stock exchange. larry is the number two, the ceo oh, but that is the number. the change in control. and on top of that, 11 million in stocks. liz: i would like to see the payback that kept reporters away. david: i love that transition. what is that as name? liz: dick costello. david: are we headed for another government shut down? the december 13th budget

deadline is totally approaching. will the deal done? joining us now, the committee for responsible federal budget president and head of the campaign to fix the debt. good to see. thank you for coming in. will this end up another partial government shutdown on december the tenth? >> i do not think so. getting nothing that we are headed for government shut down, headed for defaults. that statement, let's never be sure in washington because we seem to have the ability to miss the deals that should be easy. but what i think we are ready to his basically a kind of some user of a debt deal. a very, very small deal that does not do anything to address the big fiscal problems that we have in this country in the longer term, retirement, health care, the tax code, but the thing that we will be able to cobble together something very small that does some immediate sequester relief and pays for that. david: when you say small you are not talking dollarwise. you are talking time lines. dollarwise this thing just keeps

growing. >> remember, will we need to be doing is putting in place a plan that is 2 trillion are more than what actually help the fiscal picture over the medium and long term. i think it will be much smaller than that, maybe 100 billion are less. that is a big number except when it comes to what we need to do affix the fiscal picture, but overall i think it will have a deal that does not do anything to improve the deficit but shifts around. it is something that gets rid of some of the sequestered cuts and replaces it with others but does not really improve our overall fiscal picture. david: i don't want to fix the deficit by giving government more money. i want to fix the deficit by starving the beast a little bit. is there any chance of that happening? >> well, what you want to do is control spending. that will not be this deal. this deal will not raise taxes. but it will be anything that is significantly going to give control to spending which in order to do you need to really go after the growing health care costs, the aging population, other policies like that, and it is just not going to get the real drivers of the fiscal

problems this time around i'm afraid. david: the fact is, again, when we look at the rollout of obamacare we are reminded again, as if we needed to be, how dysfunctional government is. the last thing in the world you want to do is to be something that is dysfunctional. you want to get rid of what is dysfunctional, cut out as much of it as you can before it pulls the whole house down. >> that is right. in order to get control of the medium and long-term fiscal problems which we face you have to really go after weather problem areas in the budget dark. that is the entitlement programs , all of those driven primarily by healthcare rose, aging population, social security, medicare, medicaid are the biggest problems in the budget. this kind of a deal is really going and whatever kind of low-hanging fruit both parties can come up with and agreed to because in order to do real entitlement reform you have to talk about a bigger deal, a grand bargain, and the political system is so dysfunctional that there not able to have real discussions about the kind of changes that we need to make to

the budget. david: do you know what i am holding in my hand? my wallet. every time i hear the word reform, government reform, reach for my wallet and a matter what it is whether you're talking tax reform, budget reform. it always gets worse. always seems to get worse. we have not seen any real solutions to what the sequester was one of those things that everyone hated. we were told it would destroy the economy. in fact, it has led to a lot less money being spent on government. is that not a good thing? >> the problem is that the areas of the budget are not the ones where the problems are. there are the easy ones. what you do is put in a spending gap, let the amount of spending, but you cannot actually pick and choose what programs of the real problems. in fact, because it is discretionary spending and entitlement spending we're capping a part of the budget that is not really the problem. the other part about the sequester, if you think some of -- keep some of those savings in place and continue to generate savings, it is not targeted and there is no flexibility.

what we want to do, the parts of the sequestered we decide to keep bin, we want to give more flexibility. you keep spending and what is working in zero what is now working. the blunt across-the-board cut which is there because politicians don't want to make the real choices about budgeting. we have not had a budget in place in years. it is unbelievable if you think about the fact of they're governing without a budget in governing and where were policymakers don't want to make the real choice is. david: i have to be honest. i would rather have no budget at all then it is functional budget that keeps feeding the beast. we have to leave it back. thank you for coming in, appreciated. liz: booming with devices. and new idea, the most bizarre workable idea. you have a debt see the details. plus welfare rolls anchor man to changing the way movies are marketed, turning news anchor ron burgundy into a profitable

pitch man. more on that story in just a minute. stay tuned. ♪ hi honey, did you get e toaster cozy?

yep. got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate spping with the reliability of fedex. try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align.

♪ liz: for some people it is getting a little hard to tell.

is ron burgundy a pitch man or a talk-show guest or a new movie? david: the answer is all of the above. i am getting a little sick of this. add on how about you, but i have had enough of this guy. >> reporter: back to you. this is a great story. paramount's sequel to anchor man does not premier for another month to month actor will ferrell has par role into a booming multimedia business. next thursday ron burgundy and not will ferro will anchor the 6:00 p.m. eastern hour of the espn sports center. a higher profile, what he will be doing this sunday, the olympic curling. the new york post page six says he has teamed up with robin take . the scantily clad blurred line video. and it is actually a fitting theme because will ferrell whereon burgundy has blurred the lines and separates art, commerce, advertising, and media

like no one ever before. other marketers should take note. farrell, as burgundy, has added 70 on-line ads. take about eight and half million free views on youtube. sales of the durango popped up 59%. and then the spot burgundy channels is role of the 1970's news anchor and is amazed at modern features which holds 70 packs of gum and a glove box he points out. then, never breaking character, he went on, and last weekend trash to the iran go. give a listen. when something like this. >> i have to ask you. you have done a lot of ads for the dogs during go. >> yes. >> since he started doing the ad sales are up 69%. >> pretty incredible, pretty amazing. what is so amazing about it is it is a terrible car. [laughter] >> funny stuff. they decided to grin and bear it.

david: of 59% effect on sales. liz: brought to the company for figuring out a way to do it differently. thank you very much. gamers are now being punished for swearing. we get the details. [ tires screech ]

♪

[ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutioning power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪

microsoft has confirmed it is handing out temporary xbox live bands for gamers who use excessive foul language, users are going to be barred from attaching connection camera recordings to their game play clips, microsoft responded to users complaining say we' a clean, safe and fun environment for all users. >> also, talk about wearable technology. sony engineers filed a patten for a smart wig. smart wig will be able to connect to the wearer of smartphones and vibrate when they get a text or e-mail, sonies ands that wig could have a gps sensor built in, the wig

could be made in horse hair, human hair, wool, feathers or synthetic material. time for top 3 things to watch tomorrow, hewlett-packard shares already up after the market this stock could pop testimony. >> number two thing. durable goods, economists are expecting orders to fall 1.9% after climbing 3.7% in september. >> hang on, the number one thing to watch tomorrow. weekly jobless claims, economists are expecting claims to climb 7,000. adjusting 3 30,000 after falling to its lowest left previous week. >> tivo blows away revenue estimates and beat the bottom line estimates, you can see the stock is moving slightly higher

in ask. bid slightly lower. >> all right. hpq watch it tomorrow, money with melissa francis is next. melissa: making money from fake followers twitter trying to save face after reports that one in 10 twitter accounts is fake. inside tips on where you buy them, what you get. always about money. melissa: first up holiday deals on housing real estate motion will don peebles returns, a scoop on how to wrap up your best deal ever, chairman ceo of peebles corporation, don. we're so thrill to have you back